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Old 05-08-2010, 02:08 PM
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Originally Posted by Beuford T. Justice View Post
Go for it at 62, and invest the money....
Then run the numbers....
In the end, unless you live to be 100, you'll be way ahead rather than waiting to file at 66....
I have not run the numbers myself and it certainly depends on each individuals health and situation but I remember an article within the last 6 months that ran the numbers for the average person in the US and it suggested that the wife should take SS as early as possible and the husband should wait for the higher pay off. The reasoning was that women typically live longer and are younger than men in their relationships and that they would assume the husbands higher benefit after his death. This would make sure that the average person/couple would receive the absolute maximum return from their contributions to SS.